Shopping malls and convenience stores are among the fastest growing brick-and-mortar retail buildings in China, according to news from the country’s Ministry of Commerce.
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To help learn more about consumer spending, the Chinese government has put together a way to gauge consumer spending in these commerce areas.
Here are the numbers:
58 | Number of cities where mall index was developed and measured
30 | Number of cities where convenience store index was developed and measured
77.2 percent | Amount of consumption contributing to economic expansion in Q1 2017
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64.6 percent | Amount of consumption contributing to economic expansion in Q1 2016
72.2 percent | Convenience store expansion increase for Q1 2017
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